Announcement Details/Table Section :
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN OR INTO THE UNITED STATES, CANADA OR JAPAN.
(Unless stated otherwise, definitions used in this announcement shall carry the same meanings as defined in the announcement dated 12 November 2010).
We refer to the announcements dated 7 January 2011, 21 January 2011, 10 March 2011 and 14 March 2011 respectively in relation to the Proposals.
On behalf of the Board of Directors of CapitaMalls Malaysia REIT Management Sdn. Bhd. (formerly known as CapitaRetail Malaysia REIT Management Sdn. Bhd.), which is the manager of CMMT, CIMB Investment Bank Berhad is pleased to announce that the Securities Commission (“SC”) has, through its letter dated 15 March 2011, approved the Proposed Exemption.
The SC's approval is subject to CMMT Investment Limited and the persons acting in concert with CMMT Investment Limited complying with the disclosure requirements under Paragraph 16.10, Practice Note 9 of the Malaysian Code on Take-Overs and Mergers 2010, as follows:
where the offeror and persons acting in concert with him have obtained an exemption from the SC, the offeror and the persons acting in concert with him shall disclose to the SC -
(a) the holding of the offeror and persons acting in concert in the offeree within 7 days from the date of the completion of the following -
(i) the proposals as provided under paragraph 16.1;
(ii) the expiry of the validity period for which the exemption has been granted; or
(iii) the offeror and the persons acting in concert are holding more than 50% of the voting shares or voting rights of the offeree; and
(b) all dealings in the offeree's securities by the offeror and persons acting in concert for a period of 12 months after the completion of the proposals, within 7 days from the date of the transaction.
This announcement is dated 16 March 2011.